CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEALTHCARE INFORMATION AND MANAGEMENT SYSTEMS SOCIETY FOUNDATION, founded in 1995, is a small nonprofit in the Education sector that reported $113K in total revenue in fiscal year 2021. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $336K exceeded revenue, resulting in a 197% operating deficit.
HIMSS FOUNDATION IS AN ILLINOIS NOT-FOR-PROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. HIMSS FOUNDATION SERVES AS THE PHILANTHROPIC ARM OF HIMSS, PROVIDING SUPPORT AND ASSISTANCE TO THE ORGANIZATION, ITS MEMBERS, AND THE INDUSTRY THROUGH:- FINANCIAL ASSISTANCE (SCHOLARSHIPS) TO STUDENTS IN HEALTHCARE-IT RELATED FIELDS- PROVIDING ACCESS FOR STUDENTS TO THE DORENFEST INSTITUTE DATABASE- PROVIDING FINANCIAL RELIEF/ASSISTANCE FOR SPECIAL NEED-BASED PROGRAMS ISSUES
HIMSS FOUNDATION HAS SCHOLARSHIP PROGRAM FOR STUDENTS IN VARIOUS AREAS OF HEALTHCARE IT RELATED FIELDS. THE HIMSS FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO STUDENTS WHO HAVE ACHIEVED ACADEMIC...
HIMSS FOUNDATION HAS SCHOLARSHIP PROGRAM FOR STUDENTS IN VARIOUS AREAS OF HEALTHCARE IT RELATED FIELDS. THE HIMSS FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO STUDENTS WHO HAVE ACHIEVED ACADEMIC EXCELLENCE AND HAVE THE POTENTIAL TO BE FUTURE LEADERS IN THE HEALTHCARE INFORMATION AND MANAGEMENT SYSTEMS INDUSTRY. SINCE THE EARLY 1990S, MORE THAN $350,000 IN SCHOLARSHIPS HAVE BEEN AWARDED TO THOSE STUDENTS EXEMPLIFYING THE MISSION OF PROVIDING GLOBAL LEADERSHIP FOR THE OPTIMAL USE OF INFORMATION (IT) AND MANAGEMENT SYSTEMS FOR THE BETTERMENT OF HEALTHCARE. THESE SCHOLARSHIPS ARE AWARDED ACCORDING TO MERIT, FINANCIAL NEED, AND OTHER FACTORS AND ARE AWARDED TO STUDENTS WHO MEET THE CRITERIA WHICH INCLUDE: LEADERSHIP, DEMONSTRATED ACADEMIC EXCELLENCE, AND HIMSS PARTICIPATION.
EDUCATIONAL PROGRAMS, SUCH AS THE INSTITUTE FOR E-HEALTH POLICY. THE INSTITUTE FOR E-HEALTH POLICY PROVIDES RESEARCH AND EDUCATIONAL OPPORTUNITIES FOR PUBLIC AND PRIVATE SECTOR STAKEHOLDERS, TWO KEY...
EDUCATIONAL PROGRAMS, SUCH AS THE INSTITUTE FOR E-HEALTH POLICY. THE INSTITUTE FOR E-HEALTH POLICY PROVIDES RESEARCH AND EDUCATIONAL OPPORTUNITIES FOR PUBLIC AND PRIVATE SECTOR STAKEHOLDERS, TWO KEY CONSTITUENTS, WHO MAKE AND ARE MOST DIRECTLY IMPACTED BY E-HEALTH POLICY DECISIONS. THE NATIONAL EHEALTH COLLABORATIVE (NEHC), AN ILLINOIS NONPROFIT ORGANIZATION, WAS MERGED INTO THE FOUNDATION. NEHCS FOCUS IS ENCOURAGING HEALTH INFORMATION EXCHANGE AND LEVERAGING AN EDUCATIONAL PLATFORM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $113,035 | $89,762 | +0.3% |
| Expenses | $336,099 | $20,805 | +15.2% |
| Net Income | $-223,064 | $68,957 | -4.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRISTOPHER ROSS MBA SHIMSS | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| HENNING SCHNEIDER | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN HEICHERTRN MA FHIMSS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $2,981 |
| ROB MCCRAY | DIRECTOR (THRU 06/21) | 0.50 |
Director
|
$0 | $0 | $8,084 |
| RICHARD BAKER MD FACP | DIRECTOR (THRU 06/21) | 0.50 |
Director
|
$0 | $0 | $0 |
| MARK D SUGRUE MSN RN-BC FHI | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $800 |
| PAIVI SILLANAUKEE | DIRECTOR (FROM 7/21) | 0.50 |
Director
|
$0 | $0 | $0 |
| SUMIT KUMAR NAGPAL FHIMSS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| T K UDAIRAM | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ELENA SINI | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| REBECCA MESSING HAIGLER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| LARRY LEISURE | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| AMY COMPTON-PHILLIPS | DIRECTOR (FROM 01/21) | 0.50 |
Director
|
$0 | $0 | $6,000 |
| HAROLD WOLF III | CEO & PRESIDENT | 1.00 |
Officer
|
$0 | $213,670 | $1,156,801 |
| GAVIN FARRY | CFO (THRU 01/21) | 1.00 |
Officer
|
$0 | $5,279 | $47,102 |
| THOMAS LEARY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $35,613 | $217,645 |
| NIKKI BROWN | VP, CNTRL; INTERIM CFO (FROM 1/22/21 | 1.00 |
Officer
|
$0 | $27,852 | $282,857 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | No data | No data | No data | No data |
| 2021 | $113,035 | $336,099 | $921,295 | $-223,064 |
| 2020 | $69,369 | $139,501 | $745,034 | $-70,132 |
| 2020 | $89,762 | $20,805 | $851,571 | $68,957 |
| 2019 | $76,404 | $124,390 | $728,058 | $-47,986 |
| 2018 | $120,085 | $134,518 | $910,380 | $-14,433 |
Compare HEALTHCARE INFORMATION AND MANAGEMENT SYSTEMS SOCIETY FOUNDATION with other nonprofits in Illinois and across the country.